UDR VP Warren L. Troupe Unloads 400 Shares (UDR)
UDR (NYSE:UDR) VP Warren L. Troupe unloaded 400 shares of the company’s stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $28.51, for a total transaction of $11,404.00. Following the sale, the vice president now directly owns 571,426 shares in the company, valued at approximately $16,291,355. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of UDR (NYSE:UDR) traded down 0.04% during mid-day trading on Monday, hitting $28.49. 56,773 shares of the company’s stock traded hands. UDR has a 52-week low of $21.96 and a 52-week high of $28.87. The stock’s 50-day moving average is $27.99 and its 200-day moving average is $26.04. The company has a market cap of $7.163 billion and a price-to-earnings ratio of 119.25.
UDR (NYSE:UDR) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $198.04 million for the quarter, compared to the consensus estimate of $191.82 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. Analysts expect that UDR will post $1.51 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 31st. Stockholders of record on Thursday, July 10th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Tuesday, July 8th.
UDR has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of UDR from $28.00 to $29.00 in a research note on Friday, June 20th. They now have an “overweight” rating on the stock. Separately, analysts at TheStreet upgraded shares of UDR from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. Finally, analysts at Citigroup Inc. reiterated a “hold” rating on shares of UDR in a research note on Friday, May 2nd. They now have a $27.00 price target on the stock. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.50.
UDR, Inc (NYSE:UDR) is a self administered real estate investment trust (REIT), which owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities located throughout the United States.
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